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Crypto Investors Rejoice: Valkyrie Files ETF Application for Leveraged Bitcoin Futures Trading

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Valkyrie is putting one of fintwit’s favorite memes back to work in a new ETF filing. The investment firm yesterday filed a fresh application for a Bitcoin futures-based exchange-traded fund that’s hoped to trade on the NASDAQ under the ticker “BTFD”. This fund will be leveraged, letting speculators double down on their exposure to the leading cryptocurrency. Neither of Valkyrie’s Bitcoin-centric funds have direct exposure to Bitcoin, instead they use Bitcoin futures traded on the Chicago Mercantile Exchange (CME). The SEC has rejected all attempts at a spot Bitcoin ETF, citing concerns over the possibility of manipulation in the Bitcoin market. Digital asset manager Grayscale is currently engaged in a long-standing legal battle with the SEC to convert its ailing Grayscale Bitcoin Trust product (GBTC ) into a spot Bitcoin ETF. This is good news for those who are looking to get involved in Bitcoin investing, as it shows that there are more options available to them. #BTFD #ValkyrieETF #BitcoinFutures #CryptoNews

You can read more about this topic here: Decrypt: Valkyrie Files ‘BTFD’ Ticker for Leveraged Bitcoin Futures ETF Application

The post Crypto Investors Rejoice: Valkyrie Files ETF Application for Leveraged Bitcoin Futures Trading first appeared on Byte Syze Crypto.

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Deepfake Dilemma: The Alarming Spread of AI-Generated Intimate Content

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Ever felt like we’re skimming across the surface of a digital lake, unaware of the profound depths beneath? Well, it turns out the waters are getting murkier, especially in the realm of deepfakes. A stark report by Graphika has surfaced, revealing a troubling surge in ‘AI undressing’ – the act of stripping away clothing from images with a few clicks and a dash of AI.

This isn’t just a fleeting concern; it’s a full-blown crisis ballooning out of control. The case of Twitch streamer Atrioc, who inadvertently exposed his consumption of deepfake content involving friends, was merely a glimpse of a much darker picture. Graphika’s figures are jaw-dropping: over 32,000 instances of non-consensual intimate imagery (NCII) referenced online this year, a 2,408% increase from 2022.

What used to be hidden in the murky corners of the internet has now become a nefarious cottage industry. These AI tools don’t just threaten to fabricate adult content; they open the floodgates to harassment, extortion, and the unspeakable – child sexual abuse material.

The response? Legal battles by high-profile figures like Scarlett Johansson aim to stem the tide, but for many, particularly in the adult industry, their plight remains unheard. And with AI’s relentless march forward, distinguishing between the real and the artificial becomes a herculean task for law enforcement.

There’s a glimmer of hope, though. Individuals like Atrioc are taking steps to rectify past mistakes, assisting those affected. But it’s a small beacon in the vast, stormy ocean of deepfake content, which threatens to ‘overwhelm’ the internet, as the Internet Watch Foundation warns.

So, as we tread these digital waters, let’s be mindful of the unseen currents beneath, shaping an internet that’s becoming increasingly difficult to navigate with confidence.

#DeepfakeAlert #AIEthics #OnlineSafety #CyberSecurity

The post Deepfake Dilemma: The Alarming Spread of AI-Generated Intimate Content first appeared on Byte Syze Crypto.

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Solana’s Soaring Success: A Tale of NFTs Outshining Ethereum and Meme Coins Breaking Records

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Ever found yourself wondering if the crypto rollercoaster ever slows down? Well, for Solana, it’s full steam ahead, with SOL and BONK leading a charge that’s turning heads and wallets in the crypto realm.

Solana’s native coin, SOL, hit a triumphant 19-month high early Friday, touching $73.85 and marking a substantial recovery from its late 2022 lows. As of the latest check, it’s sitting pretty at just over $73, up 13% in 24 hours, according to CoinGecko.

Not to be outdone, Solana’s meme coin sweetheart BONK is on an astronomical ascent, reaching a new zenith of $0.00001314. The price may have slightly dipped since, but with a 24% increase in a day and a 982% surge in a month, it’s clear that BONK is having its moment.

But there’s more—Solana is also stealing the spotlight in the NFT marketplace. With trading volumes soaring above Ethereum’s, projects like Mad Lads and Tensorians are seeing their prices multiply. In just 24 hours, Solana NFTs notched up $14.8 million in trades, edging out Ethereum’s $13.9 million.

So what’s fuelling this frenzy? A combination of factors, including the Jito airdrop’s $225 million value and a 92% increase in trading volume, are propelling Solana to the forefront of the crypto conversation.

It’s a narrative of resilience, innovation, and perhaps a dash of that old crypto magic—proving again that in this digital Wild West, fortunes can turn on a dime.

#SolanaSurge #CryptoNews #NFTBoom #BONKcoin

The post Solana’s Soaring Success: A Tale of NFTs Outshining Ethereum and Meme Coins Breaking Records first appeared on Byte Syze Crypto.

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Elon Musk Gets Schooled in Crypto Slang: A Lesson in Self-Custody

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Imagine the scene: the world’s wealthiest individual, Elon Musk, takes a swing at crypto jargon and misses, sparking a flurry of chuckles across the Twitterverse. It’s a reminder that even titans can stumble in the nuanced world of cryptocurrencies.

Musk, in response to Jack Dorsey’s announcement of Bitkey, a new self-custodial Bitcoin wallet by Block, quipped ‘Not your keys, not your wallet, as they say.’ However, the crypto community swiftly corrected him— the well-worn mantra is actually ‘not your keys, not your coins,’ underscoring the critical importance of holding your own digital keys to truly own your crypto assets.

This slip-up is more than just a faux pas; it touches on a deep-seated principle in the crypto sphere, especially in the wake of the FTX fiasco. Trusting a third party with your crypto often spells trouble, as proven by numerous high-profile mishaps where users’ funds were compromised or misused. It’s a cautionary tale, teaching us that self-custody is not just a preference but a necessity for safeguarding one’s digital fortune.

As Twitter users gleefully pointed out Musk’s error, it served as a stark reflection of how vital it is to understand and embrace the ethos of cryptocurrency. In an industry where knowledge is power, even a simple misquote can reveal a lot about one’s grasp (or lack thereof) of the core concepts that drive the crypto community.

#CryptoCustody #ElonMusk #BitcoinWallet #CryptoCommunity

The post Elon Musk Gets Schooled in Crypto Slang: A Lesson in Self-Custody first appeared on Byte Syze Crypto.

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